The modern music industry favors a select few artists financially, leaving many struggling despite the abundance of music consumption. This system is designed for platforms to profit while artists bear the risks. To rebuild a sustainable music middle class, leveraging tools like AI and Web3 for better control and compensation is essential.
The podcast discusses the misconception that streaming builds music careers, emphasizing that it primarily facilitates exposure, not livelihoods. Artists often focus on numbers, neglecting ownership and direct relationships. True career sustainability relies on owning music, publishing rights, and fan data, moving the focus from streaming metrics to building meaningful connections and infrastructure.
The music industry is undergoing a transformation as AI and Web3 tools empower independent musicians, eliminating the need for traditional middlemen. While industry leaders promote fear around AI replacing artists, the reality is that it enhances creativity and efficiency, allowing artists greater control over their careers and finances.